CSC Holdings (SGX:C06
) has reported earnings of $2.7 million for FY2026, ended March 31, 42.9% higher y-o-y.
Revenue grew by 18.5% y-o-y to $400.4 million, mainly driven by robust construction demand in Singapore, which resulted in a higher delivery volume of foundation and geotechnical engineering works.
Gross profit rose 9% y-o-y to $38.6 million while gross profit margin was lower at 9.6%, compared against the figure of 10.5% a year ago.
The group explains that the lower gross profit margin in FY2026 was mainly due to certain lower-margin projects undertaken in Malaysia. On top of that, the rising energy and raw material price towards the end of the financial year also eroded its gross profit margin.
Other operating expenses increased 2% y-o-y to $25.6 million, in line with the increased business activity, according to CSC Holdings.
Earnings per share for FY2026 was 0.08 cent, compared to 0.05 cents a year ago.
The board of CSC Holdings has proposed a final dividend of 0.037 cents per share for FY2026, compared to 0.035 cents per share back in FY2025.
As at April 30, CSC Holdings’ order book stood at $220 million. The group adds that it is actively participating in public sector tenders, including HDB and LTA packages, which are expected to be progressively put up for tender in the year ahead.
The group adds that it is also seeking opportunities in the private sector, with a focus on the higher-specification semiconductor and aerospace projects.
See also: SATS earnings up 17% y-o-y to $285.2 mil for FY2026; declares final dividend of 5 cents
Against the current volatile operating environment, the group says that it will continue to exercise discipline in cost management and operational efficiency, while prioritising projects that meet its margin expectations rather than pursuing volume-driven growth.
Shares of CSC Holdings closed flat at 1.5 cents on May 26.
